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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Stablecoins Go Mainstream As Meta Rolls Out Creator Payouts In Philippines, Colombia

Christian Encila
Christian Encila
Last Updated: April 30, 2026 10:24 am
3 mins read
Meta

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Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Facebook paid its creators nearly $3 billion in 2025 — a 35% jump from the year before. Now some of those Meta creators will get paid in crypto.

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Meta: A Second Try At Digital Payments

Meta has begun rolling out USDC stablecoin payouts to select creators in the Philippines and Colombia, marking the company’s return to digital currency after a failed attempt years ago.

Creators who sign up can link a third-party crypto wallet to Facebook’s payout platform and receive funds directly on the Solana or Polygon blockchains.

The rollout is live now, though it remains limited to eligible creators in those two countries for the moment.

Polygon confirmed the launch on Wednesday, adding that expansion to more than 160 markets is expected soon.

“This is how creators’ lives are improved,” the blockchain network said, pointing to faster settlement times and access to dollar-denominated assets as key benefits for users outside the US.

USDC, the stablecoin issued by Circle, ranks as the second-largest stablecoin by market value.

Data from DeFiLlama puts its market cap at over $77 billion as of Thursday. Tether’s USDT still leads the market at a little over $189 billion.

The future of marketplace commerce is on Polygon.@Meta launched stablecoin payouts for creators on the Polygon Chain.

Live in Colombia and the Philippines, with 160+ markets coming, users now get faster settlement with USDC while gaining access to dollar denominated assets. pic.twitter.com/hjodzNpuyU

— Polygon | POL (@0xPolygon) April 29, 2026

One catch: Meta does not convert USDC to local currency. Creators who want cash will need to use an outside exchange on their own. The company also reserved the right to pay through alternate methods if technical problems arise.

Big Scale, Careful Rollout

The creator pool affected by this change is broad. Meta’s platforms — Facebook and Instagram — host influencers, educators, and entertainers who earn through content posted on the apps.

According to company data, that creator base collectively received close to $3 billion from Facebook alone last year.

BTCUSD trading at $76,077 on the 24-hour chart: TradingView

Stablecoins have been gaining traction across the financial industry. Reports indicate that banks and financial institutions in Europe are actively picking infrastructure partners to support stablecoin adoption, a sign that corporate interest in the technology has moved well beyond cryptocurrency circles.

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The Ghost Of Diem

Meta’s history with stablecoins is complicated. The company first entered the space in 2019 under the name Libra, which was later rebranded as Diem.

The project ran into a wall of regulatory opposition from central banks and lawmakers who raised concerns about financial stability, privacy, and consumer protection.

In January 2022, the project acknowledged it could not move forward and sold its assets to Silvergate Capital Corporation.

This time, Meta is not building its own stablecoin. By using USDC — an already-regulated, widely accepted digital dollar — the company sidesteps much of the friction that doomed Diem.

Featured image from MetaAI, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

Christian Encila is a journalist, editor, crypto analyst, and virtual assistant focused on storytelling, financial markets, and digital media. He blends strong writing skills with in-depth analysis, turning complex information into clear, accessible insights.

Read more

His writing began in college as a feature writer for his school publication, building research and storytelling skills. He later worked as an editor at a data engineering firm, gaining recognition for writing and discipline.

He expanded internationally in Canada and South Korea, then returned to the Philippines for a decade in a major newsroom. There he became a senior news writer and editor, simplifying complex topics for broad audiences.

He later moved into cryptocurrency journalism as a crypto analyst and market expert at NewsBTC, covering trends and blockchain developments. Alongside writing, he works as a Virtual Assistant supporting editorial operations, workflows, and coordination tasks.

Outside work, he enjoys motorbikes, riding a Yamaha R3, preferring relaxed coastal rides. He spends time with two cats and a dog, and unwinds with coffee, Filipino food, and occasional rum while watching comedy films.

His career blends journalism, analysis, and support roles, reflecting adaptability across media, markets, and digital content production in modern newsroom environments and remote work settings globally.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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